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that person is grover norquist, the head of americans for tax reforms. it's got a pledge that mostly republicans members of congress signed to say they won't raise taxes under any circumstances. i spoke to nor i didn't see after friday's developments and asked him about taxes and his almost religious belief that tax increases, any tax increase, is bad for the economy. >> we've seen that whenever you've raised the capital gains tax, the top marginal tax rates, but also tax increases distract from what the country needs to do. we need to deal with our runaway government spending. the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reform the government. as long as tax increases are on the table, the politicians never even think about reforming government. >> and i understand. you have been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. but what we're down to right now is largely a political battle over th
that person is grover norquist, the head of americans for tax reforms. it's got a pledge that mostly republicans members of congress signed to say they won't raise taxes under any circumstances. i spoke to nor i didn't see after friday's developments and asked him about taxes and his almost religious belief that tax increases, any tax increase, is bad for the economy. >> we've seen that whenever you've raised the capital gains tax, the top marginal tax rates, but also tax increases...
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Dec 30, 2012
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[applause] grover norquist chemo for about 16 hours. -- came out for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political issue. the day the sandy hit, i was with many people. >> of is just about to touch on that. fires burned homes with their democrats for republicans. the climate system does not care. hopefully, what we can do as scientists, is checked the risks and then the location details. but that is a whole different ball game. >> my name is carol stone. do you think the mayan calendar this year will have any effect? and what is the effect of the population in the world -- a billion on this issue of carbon -- >> violation? >> that -- there is a number of factors. when you look at local government in emissions. if there are more people on the planet burning carbon for energy, we will be adding more carbon to the atmosphere. on the other hand, people who are living in a western-style exist the
[applause] grover norquist chemo for about 16 hours. -- came out for about 16 hours. [laughter] definitely carbon taxes is bubbling up. rush right. and from a surprising source. people on the conservative side of the political spectrum, ultimately, i should not be a bar -- a partisan political issue. the day the sandy hit, i was with many people. >> of is just about to touch on that. fires burned homes with their democrats for republicans. the climate system does not care. hopefully, what...
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grover norquist. we had an election and boehner was elected speaker now lame duck obama should get over it. >> okay, a boehner hasn't been -- boehner hasn't been elected to anything yet because there's going to be a fight between him and eric cantor coming up. >> stephanie: crazy cowboy, eric eric cantor. >> okay corral. and it won't be okay for you. it will be super okay for me because i moisturize. >> stephanie: oh, boehner boehner. ♪ ♪ i am just an orange boy ♪ ♪ i have squandered my influence for a pocketful of tax cuts for the filthy rich ♪ ♪ my eyes get wet still a man cries when he thinks about which fabric is the best ♪ ♪ on the house floor stands the boehner and he's whining constantly ♪ ♪ and the fiscal cliff reminds him of every vote that let him down ♪ ♪ as he cried out in his anger and his shame ♪ ♪ i'm weeping i am weeping but he still remains ♪ ♪ crying eyes ♪ ♪ crying eyes ♪ >> yea! rocky mountain mike. >> stephanie: rocky mountain mike never on va
grover norquist. we had an election and boehner was elected speaker now lame duck obama should get over it. >> okay, a boehner hasn't been -- boehner hasn't been elected to anything yet because there's going to be a fight between him and eric cantor coming up. >> stephanie: crazy cowboy, eric eric cantor. >> okay corral. and it won't be okay for you. it will be super okay for me because i moisturize. >> stephanie: oh, boehner boehner. ♪ ♪ i am just an orange boy ♪...
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and i was going to say, the other group -- oh, the -- when i gave a talk at grover norquist's wednesday meeting -- >> oh, that must have been interesting. >> one of the -- this was at the -- i gave two. there was first a meeting with him and some of the republican leaders which was open, and then there was one which was closed and i can't talk about that one but i'm sure it was at the first one. that one -- [laughter] -- one of them said, that's income redistribution. well, yeah, it is. the people who do a good job will get some of the money from somebody else. and -- but that's what if we don't do something like that. that's -- you see, we would reach -- if we did that, we would reach tipping points where alternatives would be cheaper than -- say, coal, and then you would quickly phase out the fossil fuel. so you then leave it in the ground and that's what we have to do. >> british columbia is doing something like this so that maybe there's some different details, but british columbia replaced one kind of tax, it was a payroll or corporate tax -- >> yeah. >> and imposed the carbon tax.
and i was going to say, the other group -- oh, the -- when i gave a talk at grover norquist's wednesday meeting -- >> oh, that must have been interesting. >> one of the -- this was at the -- i gave two. there was first a meeting with him and some of the republican leaders which was open, and then there was one which was closed and i can't talk about that one but i'm sure it was at the first one. that one -- [laughter] -- one of them said, that's income redistribution. well, yeah, it...
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and grover norquist, is he backing down from his no-tax pledge? is he hedging? find out, ten o'clock this morning. go to our facebook page, tell us what you think about the deal that we've got, you're happy with it. if you are, we want to know why. we'll read some of your comments on the air. tell us why we want that in there. the markets, they've got their answer on the fiscal cliff, a deal has been done, the result is yes, it is a rally. we're going to see a big gain for the dow. it's going to be big. the opening bell for this brand new year is next. night ♪ >> surely you recognize that music, don't you? that's played on the bah zuki? why are we playing that? because america looks a whole lot like greece in morning. why? we've got a fiscal cliff deal. all it does is raise taxes. it doesn't cut spending, it doesn't do anything about the debt that we and europe and greece are facing. nothing at all. america's fundamental spending and massive debt has gone completely unaddressed. not there. that's why we're playing greek music as we start out this trading sessi
and grover norquist, is he backing down from his no-tax pledge? is he hedging? find out, ten o'clock this morning. go to our facebook page, tell us what you think about the deal that we've got, you're happy with it. if you are, we want to know why. we'll read some of your comments on the air. tell us why we want that in there. the markets, they've got their answer on the fiscal cliff, a deal has been done, the result is yes, it is a rally. we're going to see a big gain for the dow. it's going...
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one middleman adnan grover norquist. someone who was never even elected. here is a man that has caused all the problems. all of the republicans have signed this pledge, which to me is unconstitutional. without him, we would not be talking today. >> salem, oregon, republican line. you are on the air. caller: good morning. as a college student, and i have listened to every single caller, this is an embarrassing day for our country. i am a first-time job hunter, unemployed, a college student with loans, i am embarrassed and looking at this situation. my life is going to be turned upside down because of this. legislators need to stop bickering with these comments. they need to come together and do something like this. i am embarrassed because of not -- because none of my legislators will do anything about it. >> who are your representatives? caller: [indiscernible] it is embarrassing. it was a good conversation and i said -- is there any way that you couldn't speak on the floor to this issue? he said pc would heat would do. he basically lied to my face. even t
one middleman adnan grover norquist. someone who was never even elected. here is a man that has caused all the problems. all of the republicans have signed this pledge, which to me is unconstitutional. without him, we would not be talking today. >> salem, oregon, republican line. you are on the air. caller: good morning. as a college student, and i have listened to every single caller, this is an embarrassing day for our country. i am a first-time job hunter, unemployed, a college student...
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Jan 1, 2013
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here is a court -- quote from another player -- that is from culver norquist. -- grover norquist. he is suggesting that the gop's negotiating position in the fiscal debate is stronger than being reported. that is at grover norquist for you. others have weighed in as well -- as well. here is "the new york times" -- james in oklahoma, a democratic caller. what is your take? caller: my question is, who is running this country? is it the president, the congress, or is it the american people? the american people break the back to survive on a daily basis. congress does not have that problem. i may not get to eat just because to feed -- just to feed my kids. congress does not have that problem. they do not share the problems. they do not care about our problems. all as long as they get with it and what they got. thank you. host: alex in georgia, republican color. -- caller. caller: happy new year to everybody. i think it is a win, ironically, for republicans. i think anybody of any common- sense realizes -- i will even say you are going to say $300,000 and above, even for household, tha
here is a court -- quote from another player -- that is from culver norquist. -- grover norquist. he is suggesting that the gop's negotiating position in the fiscal debate is stronger than being reported. that is at grover norquist for you. others have weighed in as well -- as well. here is "the new york times" -- james in oklahoma, a democratic caller. what is your take? caller: my question is, who is running this country? is it the president, the congress, or is it the american...
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they cannot cross over the threshold that has been built by grover norquist. people who are rich, who make a lot of money, they are not opposing raising the taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. so any time the speaker and the republican leader come to the president and say we have got a deal for you, the president's door is always open, and mine is, too. mr. mcconnell: mr. president? the presiding officer: the republican leader. mr. mcconnell: i would only add the majority leader has given you his view of the last two years. i have certainly given you my take on it. the american people have spoken, and they basically voted for the status quo. the president got re-elected, the senate is still in democratic hands and the house is still in republican hands. the american people have spoken. they obviously expect us to come together and to produce a result. as i indicated, the president called me and probably called others last night. my impression is he would lik
they cannot cross over the threshold that has been built by grover norquist. people who are rich, who make a lot of money, they are not opposing raising the taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. so any time the speaker and the republican leader come to the president and say we have got a deal for you, the president's door is always open, and mine is, too. mr. mcconnell: mr. president? the...
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washington is always messed up. >> grover norquist joining us from washington this morning. >> let's talk about the situation we find ourselves in. and the prospect we could go over the fiscal cliff and what specifically that would mean for the u.s. economy. diana is a former labor department chief economist under george w. bush, and senior fellow at the manhattan institute. here at post 9 in new york is rock johnson u.s. senate banking committee, and now at the institute for new economic thinking and senior fellow at the roosevelt institute. how would you explain what is going on at the moment for people sitting at home worried about what's happening in the new year? >> it's the same old stuff in washington. it's just haggle, haggle, haggle. and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could
washington is always messed up. >> grover norquist joining us from washington this morning. >> let's talk about the situation we find ourselves in. and the prospect we could go over the fiscal cliff and what specifically that would mean for the u.s. economy. diana is a former labor department chief economist under george w. bush, and senior fellow at the manhattan institute. here at post 9 in new york is rock johnson u.s. senate banking committee, and now at the institute for new...
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he took the grover norquist pledge. he did all the things that were required of a potential republican nominee. but in each of those steps, he made it rder for him to win a general election. and he brought to this some strengths. the other thing that will the president four years ago was that romney was the likely nominee because i believe in the theory of opposites. whoever the incumbent is, people are looking for the brevity, not the replica. and romney would represent a stark difference from obama, a businessman, grounded, t a visionary, not an order for. >> so you thought he would be the nominee. you thought that through the whole entire primary process? >> i had a few moments of doubt, as i suspect he may have. but he got to those moments was to do what i said, to move to the right. with each step, i think he made himself more vulnerable. in the abstract, his profile as a businessman ll stay positive, even until the final day. it was the concept of a businessman who knows how to create jobs and so on. that was thei
he took the grover norquist pledge. he did all the things that were required of a potential republican nominee. but in each of those steps, he made it rder for him to win a general election. and he brought to this some strengths. the other thing that will the president four years ago was that romney was the likely nominee because i believe in the theory of opposites. whoever the incumbent is, people are looking for the brevity, not the replica. and romney would represent a stark difference from...
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grover norquist thinks he got a great deal. he's using the 84%--it's 99% of people and 84% of tax revenue. >> keep in mind how many of a treat this is for the modern democratic party. the democrats have spent 12 years attacking the 2001-2003 bush tax cuts. they all voted against it. obama attacked it regularly. now they're out there helping to preserve that 84% of those tax cuts. and making them permanent. >> there you go. unfortunately, he's totally right. what happened? how did president obama get all these democrats oh those goddamn bush cuts. yes, we retained 99% of the bush tax cuts, and for 84% of the revenue, yes, president obama what a great job. no that is a terrible job. norquist goes further and this is the main guy whose whole point is keeping tax cuts for the rich. good night. when the dems wake up, they'll wake up and realize they made the tax cuts permanent and lost their leverage for the next four years. i'm not the only one who thinks we lost leverage. we talked to pete defauzio today. >> the democrats lost the
grover norquist thinks he got a great deal. he's using the 84%--it's 99% of people and 84% of tax revenue. >> keep in mind how many of a treat this is for the modern democratic party. the democrats have spent 12 years attacking the 2001-2003 bush tax cuts. they all voted against it. obama attacked it regularly. now they're out there helping to preserve that 84% of those tax cuts. and making them permanent. >> there you go. unfortunately, he's totally right. what happened? how did...
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Dec 26, 2012
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he took the grover norquist pledge. he did all the things that were required of a potential republican nominee. but in each of those steps, he made it harder for him to win a general election. and he brought to this some strengths. the other thing that will the president four years ago was that romney was the likely nominee because i believe in the theory of opposites. whoever the incumbent is, people are looking for the brevity, not the replica. and romney would represent a stark difference from obama, a businessman, grounded, not a visionary, not an order for. >> so you thought he would be the nominee. you thought that through the whole entire primary process? >> i had a few moments of doubt, as i suspect he may have. but he got to those moments was to do what i said, to move to the right. with each step, i think he made himself more vulnerable. in the abstract, his profile as a businessman will stay positive, even until the final day. it was the concept of a businessman who knows how to create jobs and so on. that wa
he took the grover norquist pledge. he did all the things that were required of a potential republican nominee. but in each of those steps, he made it harder for him to win a general election. and he brought to this some strengths. the other thing that will the president four years ago was that romney was the likely nominee because i believe in the theory of opposites. whoever the incumbent is, people are looking for the brevity, not the replica. and romney would represent a stark difference...
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norquist. you signed the pledge not to sign taxes. >> i did. >> he supported speaker boehner's plan "b" and said it wouldn't violate his pledge. here's what he told us earlier this week. listen. >> i think in fact, plan "b" is a good step to protecting tax cuts for everybody. >> if you look at current law, current law says as we all know, part of the fiscal cliff '01, '03 tax relief measures will expire on january 1st. at this point, everybody's taxes go up. we all know that. we all want to forestall that. >> how high are you willing to go? if not a million, than what? >> well, let's bear in mind that every new tax burden we apply has consequences for the real economy and for growth, so the very west thing we could do, the very best thing we could do is we're not increasing taxes -- are you don't want to agree to that? >> exactly. i would imagine we're going to work our way and make the threshold. if that's where people have to go, we'll make the threshold as high as we can. because the more re
norquist. you signed the pledge not to sign taxes. >> i did. >> he supported speaker boehner's plan "b" and said it wouldn't violate his pledge. here's what he told us earlier this week. listen. >> i think in fact, plan "b" is a good step to protecting tax cuts for everybody. >> if you look at current law, current law says as we all know, part of the fiscal cliff '01, '03 tax relief measures will expire on january 1st. at this point, everybody's taxes...
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grover norquist telling them they never come. they're the unicorn that doesn't exist. >> a lot of republicans at this point will say, you know what? after all of this they may not be saying publicly now, but they'll say let's just take the sequester and at least we'll be cutting some spending and we'll be cutting the actual spending and take that sequester. >> last word. >> i don't disagree with you and jimmy on this point. this is not a deficit reduction deal that will stabilize the debt to gdp ratio and that has to be -- that has to be one of the goals of a broader deal that now we're probably going to be looking for on the other side of the cliff. >> yeah. i don't know. it doesn't seem to be any part of the president's goal. jared, good to see you always. jimmy, you, too. we'll get you guys back in just a few minutes. we'll get you to the roundtable if you haven't had enough yet. what will it mean for banks? new analysis shows that the expiration ever tax cuts will improve bank savings in 2013, by, listen to this, 54%. in othe
grover norquist telling them they never come. they're the unicorn that doesn't exist. >> a lot of republicans at this point will say, you know what? after all of this they may not be saying publicly now, but they'll say let's just take the sequester and at least we'll be cutting some spending and we'll be cutting the actual spending and take that sequester. >> last word. >> i don't disagree with you and jimmy on this point. this is not a deficit reduction deal that will...
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how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't know where the pendulum will swing in the next direction. -- eklection. host: from one of our viewers -- on facebook -- guest: that's right. one of the points she raises is it's easy to look and collectors and say we will just drop 10% of this program and 20% off that program. but when you get down to the individual programs, we're talking state and local police departments, fire departments, teachers' pay, all sorts of p
how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans...
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you're in favor of raising taxes, you signed grover norquist's pledge to not raise taxes. you're now rebuking. 450 for joint filers being the cuttoff. which classification of earnings you ultimately will see their taxes increase? >> well, lori, it is very difficult to understand where we go from here because i haven't seen the agreement and, when i look at what ply colleagues really objected to and what was referred to as plan. about, it is difficult to understand why this plan is anything other than a worse plan. there aren't any real spending cuts as i see. so i'm going to have to difficult time with it myself but i will wait to make a final decision until i see it. lori: i'm sure. phil swaying he will about, to you now. let's talk about the issue of spending cuts. you raise a wonderful point. there are expenditures exempt from budget cuts. entitlements. interest payments on the national debt. that said we need bigger entitlement reform. this is a big pick you are issue here, any cuts they're negotiating to avoid the cliff they're not meaningful. are you at all optimisti
you're in favor of raising taxes, you signed grover norquist's pledge to not raise taxes. you're now rebuking. 450 for joint filers being the cuttoff. which classification of earnings you ultimately will see their taxes increase? >> well, lori, it is very difficult to understand where we go from here because i haven't seen the agreement and, when i look at what ply colleagues really objected to and what was referred to as plan. about, it is difficult to understand why this plan is...
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norquist fellow. did they not realize that you have to have taxes to pay for these two wars that the republicans -- that was george w. bush who was in charge that time -- they started these wars. and yet, they are saying we have to control the spending. the spending is on these wars. so, let congress take a pay cut of about 35%, and take any revenue the dead and take that revenue and put it towards the debt to pay down our debt. our debt is caused by wars, not by social security, not by medicare. we people who work out here, we pay into social security. we pay into medicare. so, let them take a pay cut. if they want to start cutting everybody, how about congress taking a pay cut? thank you for taking my call. host: christian, your message to washington on this deadline day, about 9 1/2 hours before we reached the midline -- the midnight deadline. caller: i do not think we should now go over the fiscal cliff, and i do not think it is responsible whether you are republican or democrat. i think both part
norquist fellow. did they not realize that you have to have taxes to pay for these two wars that the republicans -- that was george w. bush who was in charge that time -- they started these wars. and yet, they are saying we have to control the spending. the spending is on these wars. so, let congress take a pay cut of about 35%, and take any revenue the dead and take that revenue and put it towards the debt to pay down our debt. our debt is caused by wars, not by social security, not by...
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we'll speak with grover norquist about the likelily hood of a deal in washington. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance.
we'll speak with grover norquist about the likelily hood of a deal in washington. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000...
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Dec 29, 2012
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we can talk about the primary electorate but people like grover norquist and rush limbaugh and cable television trucks and talk-radio and they might otherwise be willing to look for solutions and can't because if they do they are dead if. they are beyond outrageous and you get no push back because whenever you have a political figure who just try is a little bit to say that is too much the new world of the media basically tells us that the business model that works is the fox news model and somehow a network of an audience at any given time as to in the half million people they can make more profits than all three network news divisions combined with an audience of 40 million people. and is that true? >> $700 million. it's enormously successful. and if we abandon that business model, if fox news to mauro says all right, here is the new message from roger ailes, can't we all just get along? we may not like what this president likes to do but he is a good man and we can find ways to work with them. i will guarantee you is that within a week there would be a news channel that take the o
we can talk about the primary electorate but people like grover norquist and rush limbaugh and cable television trucks and talk-radio and they might otherwise be willing to look for solutions and can't because if they do they are dead if. they are beyond outrageous and you get no push back because whenever you have a political figure who just try is a little bit to say that is too much the new world of the media basically tells us that the business model that works is the fox news model and...
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a few weeks ago, a lot of people said, okay, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases. >> and it didn't even come to a vote in the house, because they couldn't approve boehner's plan. >> the vote in the house -- >> you're making my case. >> that was a ridiculous plan. >> they can't even get it to a vote in the house because they don't even have consensus on it. president obama has proposed something. look we have agreement in both parties that we don't want taxes to go up at least for the people who make 250,000 dollars or less. we want to do something about the amt. both sides agree with that. let us at least pass a bill to deal with that. the senate passed a bill back in july. why can't the house just confirm that? >> oh, come on because the senate is a joke. they haven't even been able to pass a budget in over three years. come on. >> the senate passed a deal in july that dealt with the amt. it dealt with dividends and capital gains and it dealt with the, the funda
a few weeks ago, a lot of people said, okay, grover norquist, we are going to say, if we have to make this to get our country through the toughest one of the toughest times, we will vote for tax increases. >> and it didn't even come to a vote in the house, because they couldn't approve boehner's plan. >> the vote in the house -- >> you're making my case. >> that was a ridiculous plan. >> they can't even get it to a vote in the house because they don't even have...
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the democrats don't have a grover norquist that threat, the caucus if they even think about voting for taxes. i do think the u.s. public has seen the differences between the parties. >> i think a lot of people and certainly a lot of our viewers would agree with you on that. it's not necessarily equal blame right now. congresswoman bass, you have a safe trip back over to washington, d.c. and absolutely good luck over there. and if i don't talk to you again before next week, happy new year to you. >> happy new year to you as well. >> all right. and with an in-depth look at what all this cliff dwelling means, our nation's fiscal health, brian mcguinness is president of the committee for responsible federal budget and head of the fix the debt campaign. and i know this has to just be driving you crazy to be listening to some of these conversations that we have been having this morning. so how disappointing is it to you to hear about a possible small deal that keeps taxes from going up, which is a good thing for all americans maybe next week, but what does that do for this country's long-ter
the democrats don't have a grover norquist that threat, the caucus if they even think about voting for taxes. i do think the u.s. public has seen the differences between the parties. >> i think a lot of people and certainly a lot of our viewers would agree with you on that. it's not necessarily equal blame right now. congresswoman bass, you have a safe trip back over to washington, d.c. and absolutely good luck over there. and if i don't talk to you again before next week, happy new year...
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norquist. what role do the pledges play in our inability to compromise? >> well, i'm certain it does play a role. i've never signed these pledges because my obligation to the people who elected me and that's the way it should be for each member of congress, because times change. the circumstances change, you have to address the issue at hand. it is important to have extending the tax cuts for especially the middle income but secondly to put spending cuts on the table. we have a large debt problem and i understand as far as the republican position is concerned, so that does have credibility, and we have to come to the table on both of those issues, but i think more than anything else, what is deeply troubling is that you can't get congress and the president to reach any accord on anything. we can't even do routine business, let alone the matters that could affect the future of this country. >> olympia snowe you and what you represent will be missed in the senate. senator olympia snowe republican
norquist. what role do the pledges play in our inability to compromise? >> well, i'm certain it does play a role. i've never signed these pledges because my obligation to the people who elected me and that's the way it should be for each member of congress, because times change. the circumstances change, you have to address the issue at hand. it is important to have extending the tax cuts for especially the middle income but secondly to put spending cuts on the table. we have a large debt...
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norquist, president of americans for tax reform. norquist's pledge, signed by almost all republicans in congress, forbids signatories for raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. both democrats and republicans deploy scorched earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to $1 trillion in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across-the-board cuts, known as the sequester, would go into effect, starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the po
norquist, president of americans for tax reform. norquist's pledge, signed by almost all republicans in congress, forbids signatories for raising taxes ever, under any circumstances. things come to a head in the summer of 2011. republicans demand the government reduce its deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose its ability to borrow money. both democrats and republicans deploy scorched earth tactics that nearly shut down the government...
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it doesn't surprise me grover norquist gave ground cover to what some of the house republicans did. it doesn't surprise me that the administration, the vice president, the president did the easy thing. the only thing i think is going to be surprising is how much of a battle that probably gets best record in 6-8 weeks regarding the debt ceiling. there has to be some type of an end game for sanity. i think everything that's happened thus far doesn't surprise me. i guess the most surprising thing i've seen in the last week is why new york fired the general manager instead of the coach. watching politicians all slap each other on the back while the country slips into a grecian like formula isn't surprising. >> are you surprised the market so far in looking at the futures has taken such a positive outlook on this? >> i don't know. to me, the fair value adjustments in the opening is far from a cohuge move in my opinion. here we are a move in the fixed income markets because of the move in stocks. i caution everybody to wait until the close because i think some of the intraday outside nois
it doesn't surprise me grover norquist gave ground cover to what some of the house republicans did. it doesn't surprise me that the administration, the vice president, the president did the easy thing. the only thing i think is going to be surprising is how much of a battle that probably gets best record in 6-8 weeks regarding the debt ceiling. there has to be some type of an end game for sanity. i think everything that's happened thus far doesn't surprise me. i guess the most surprising thing...
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if grover norquist was here, he would say the greatest thing we're able to promise people is no further tax rises. it was the major mistake that bush sr. made when he said read my lips, no new taxes and then broke that pledge. what will you then say at the next election when this issue comes up? >> again, i think i held taxes down to 99% of the people. if it went over the cliff, we would have had to deal with it and then had a tax cut. i think just plain in terms of terminology with each other, but the bottom line, 99% of americans are going to get a tax cut. $730 billion. again, wasn't exactly the way i'd like to see it go down because i'd like to see a spending aspect of it. 49 out of 50 governors, that's what i'm going to push for, but we'll have that spending battle, which is the real issue going forward, but we did bring certainty to some of the tax code. i know a lot of small business people are excited about that. >> it is the real issue, congressman, and it could be the more vitriolic battle on capitol hill. do you feel by siding with the democrats this time around that somehow,
if grover norquist was here, he would say the greatest thing we're able to promise people is no further tax rises. it was the major mistake that bush sr. made when he said read my lips, no new taxes and then broke that pledge. what will you then say at the next election when this issue comes up? >> again, i think i held taxes down to 99% of the people. if it went over the cliff, we would have had to deal with it and then had a tax cut. i think just plain in terms of terminology with each...
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grover norquist. president of american's for tax reform. norquist's pledge signed by almost all republicans by congress forbids raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional supercommittee. but a poison pill was attached. if the supercommittee can't reach a deal, automatic across the board cuts known as a sequester would go into effect be at the exact moment when those bush tax cuts extended for two years would expire. so the point is we could have all seen this coming and some of us did. we yelled at the top of our lungs about it but were drowned out by the election. it see
grover norquist. president of american's for tax reform. norquist's pledge signed by almost all republicans by congress forbids raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute...
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norquist to allow any taxes for revenues whatsoever. we had meetings with the vice president biden and cantor. he walked out of it. he's the majority leader in the house. we had this supercommittee and they were doing good things. good things. dealing with entitlements and revenues and a week before they were to report, by virtue of a statute, i get a letter signed by virtually every republican, too bad about the supercommittee. we're not going to do anything with revenues. >> okay. i think that's a good place to end this. what you're hearing is the history of what has happened to bring us to this point. i want to bring in our congressional correspondent dana bash. dana, i was just sitting here imagining someone turning on their tv thinking, what a these people talking about? and i think i would sort of boil it down to this. when they are talking on the floor, that's never a good sign. they should be talking in a back room. they have gotten nowhere. we are where we are and nobody has agreed on to come up with something. >> reporter: tha
norquist to allow any taxes for revenues whatsoever. we had meetings with the vice president biden and cantor. he walked out of it. he's the majority leader in the house. we had this supercommittee and they were doing good things. good things. dealing with entitlements and revenues and a week before they were to report, by virtue of a statute, i get a letter signed by virtually every republican, too bad about the supercommittee. we're not going to do anything with revenues. >> okay. i...